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March CPI increases to 3.2%

21 April 2021, 12:06 PM  |
SABC SABC |  @SABCNews
South Africans feared facing major food shortages leading many consumers to stockpiling groceries.

South Africans feared facing major food shortages leading many consumers to stockpiling groceries.

Image: Reuters

South Africans feared facing major food shortages leading many consumers to stockpiling groceries.

Statistics South Africa has released the Consumer Price Inflation (CPI) rate for March, which has come in higher at 3.2% year-on-year from 2.9%  in February.

However, on a month-on-month basis, the CPI was unchanged at 0.7% in March.

The main contributors to the 3.2% annual inflation rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services.

Food and non-alcoholic beverages increased by 5.7% year-on-year and contributed 1.0 percentage point to the total CPI annual rate of 3.2%.

Housing and utilities increased by 2.2% year-on-year and contributed 0.5 of a percentage point.

Transport increased by 3.8% year-on-year and contributed 0.5 of a percentage point.

Miscellaneous goods and services increased by 4.0% year-on-year and contributed 0.7 of a percentage point.

The annual inflation rates for goods and for services were 3.9% and 2.6% respectively.

Provincial annual inflation rates ranged from 3.1% in Gauteng and Mpumalanga to 3.7% in North West and Limpopo.

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